Companies are increasingly being asked by investors to reduce their carbon footprint and to meet carbon emissions reduction targets agreed to in the 2015 Paris Agreement.

Now, a group organized by the G20 countries, the Financial Stability Board’s Task Force on Climate Related Financial Disclosures, has proposed a voluntary framework for companies to disclose financial risk related to climate change.

According to Reuters, the Task Force “aims to help investors, lenders, insurers and other stakeholders understand how firms manage climate risk and guide companies on information they should provide to explain their climate strategy.” In a Reuters survey, thirteen public and corporate pension schemes in Europe, Asia and North America managing a total one point one trillion dollars said they were committed to engaging firms on their climate strategy. When that amount of investment money talks, companies listen. I’m John Howell for 3BL Media.

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